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Master of Science in Actuarial and Financial Engineering

KU Leuven
Program overview
2 years
Full time
Master's degree
Scholarships available
English

Start dates
Leuven
3,500 EUR
September 2023

Leuven
3,500 EUR
September 2024

Leuven
3,500 EUR
September 2025

About this program

KU Leuven's Master of Actuarial and Financial Engineering prepares you for a wide array of careers in actuarial science, financial engineering or quantitative risk management in financial institutions. You will learn to construct robust risk models and integrate techniques to report the results of your in-depth analysis, you will study the quantitative instruments necessary to analyze vital contemporary issues.

What is the Master of Science in Actuarial and Financial Engineering all about?

The Master of Actuarial and Financial Engineering covers the fundamental concepts of insurance, techniques for quantitative risk management and principles of modelling assets and liabilities.

structure 

The Master’s programme consists of two years of 60 ECTS each. The compulsory core consists of about 90 ECTS, 24 of which are accredited to the master’s thesis, the remaining ECTS consist of compulsory courses, organised along five major topics:

  • Actuarial Engineering: Life, Health and Pensions (18 ECTS)
  • Actuarial Engineering: Data Science Methods (12 ECTS)
  • Risk Engineering (18 ECTS)
  • Financial Engineering (12 ECTS)
  • Regulation (4 ECTS)

You supplement the compulsory courses with electives along the same five domains, which consist of both business oriented and research oriented topics to cover your interests. An optional internship, research project in the LRisk research center, or summer school is also included in the possibilities.

strengths 

  • You will acquire advanced training in the modelling and managing of risks in financial institutions and learn to combine this knowledge across the different domains and to transform it into useful solutions to meet the challenges of insurances, pensions and financial risk management.
  • The diploma of Master of Actuarial and Financial Engineering allows students to join the professional associations of actuaries: the IA|BE (Institute of Actuaries in Belgium) and (via IA|BE) the IAA (International Actuarial Association).
  • International experience: you can spend the first semester of your second Master year abroad with one of the partner universities in our international network, both within and outside Europe. More information can be found on the website of the international office. In addition you will include 10 ECTS elective courses from the actuarial science programmes at ULB or UCLouvain.

KU Leuven Online Open Day

We are organising an online open day on Wednesday 1 December 2021 to inform students about our English-language programmes. Discover Europe’s most innovative university and learn more about our international programmes, admissions, housing and much more. For more information, google “KU Leuven Online Open Day”.

Admission requirements

Please consult the programme website for recent information on admission requirements.


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Scholarships & funding

Please consult our website for recent information on available scholarships.

Tuition

Please consult our website for recent information on tuition fees.

Career paths

Financial institutions, insurance companies, pension funds and consultancy agencies are traditionally the most important employment domains. The classical distinction between financial products and insurance products is fading and the programme focuses on general, quantitative skills related to risk management. As a result, students, now technical experts, will have various career opportunities in all-round risk management. The government also offers interesting career opportunities for insurance experts. Furthermore, students are often involved in the general management of the company for which the students’ financial and actuarial skills can contribute to the analytical decision-making.

This degree gives the graduate access to the Institute of Actuaries in Belgium, the professional association of actuaries.

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About this institute

KU Leuven. Inspiring the Outstanding

KU Leuven is Europe’s most innovative university. Located in Belgium, it is dedicated to research, education, and service to society. KU Leuven is a founding member of the League of European Research Universities (LERU) and has a strong European and...


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Why study at KU Leuven

A Highly Ranked University

According to international rankings, KU Leuven is among the best 100 universities in the world. Moreover, KU Leuven was ranked as most innovative university of Europe by Reuters four years in a row (2016, 2017, 2018 and 2019). All of KU Leuven’s disciplines proudly belong to the top 100 of their field. Scholars and researchers, teachers and visionaries, thinkers and makers all have their place in KU Leuven’s fertile intellectual habitat.

Most Innovative University in Europe

KU Leuven has been identified as Europe’s most innovative university for four years in a row by Reuters. By developing the most important drug against HIV, a new type of solar panel that converts oxygen into hydrogen and uncovering the secrets of Sagalassos, KU Leuven researchers have a profound impact on our everyday lives in nearly all fields of research. That innovative character is deeply embedded in the way we teach our students, by integrating relevant guest lectures, taking an Interdisciplinary approach and opening the most advanced research and education facilities.

A Comprehensive University

As a comprehensive university, KU Leuven offers a wide range of disciplines organized by 15 faculties. Each of these disciplines is ranked in the top 100 of its field according to the THE World University Rankings by subject. Half of the university’s faculties are even in the top 50 within their fields of study.

Contact info

KU Leuven

Oude Markt 13
3000 Leuven
Belgium

Message the school

Want to know more about Master of Science in Actuarial and Financial Engineering? Fill out the following form and we'll pass your details on to a representative from the school, who will respond to your enquiry.

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